( ULTI) recently announced that its UltiPro solution has been
selected by insurance company, Sammons Financial Group (SFG), to
better manage its operations.
With an employee strength of 1,400 in four offices and many
virtual locations around the U.S., SFG along with its member
companies offers a diverse portfolio of investment
The solution will enable Sammons to enhance employee
communication, provide direct access to employee data for managers
and help develop and provide people-centric reporting and business
Ultimate Software Group provides unified human capital
management (HCM) software-as-a-service (SaaS) solutions, commonly
known as "cloud" solutions.
UltiPro Software from Ultimate Software is a comprehensive
SaaS-or cloud-based solution serving organizations in the Unites
States and Canada.
The solution caters to a wide array of operations like talent
acquisition and onboarding, human resources (HR) management and
compliance, benefits management and online enrollment, payroll,
performance management, salary planning and budgeting for
compensation management, succession management, reporting and
analytical decision-making tools, and time and
Hence, the solution enables businesses to better manage the
complete employment life cycle from recruitment to
Earlier, Sammons had deployed a system that did not meet the
needs of the organization and consequently, the company chose
Ultimate Software in its assessment for a new HCM
Flexibility and user-friendly operations were also the
compelling features for selecting UltiPro as SFG wanted a solution
that provides 24x7 direct access for employees and managers to the
information they need.
Earlier, Ultimate Software announced that Raymond Corporation
has deployed UltiPro HCM solution's robust payroll engine,
cloud-based access for employees to critical payroll and HR
information, and Ultimate's responsive customer service.
Raymond Corportaion provides convoy trainers to Unites States
Armed Services and was using a payroll service bureau. However, the
company realised the need of a more comprehensive solution to
address its human capital management activities from beginning to
end. Consequently, Raydon moved to UltiPro Workplace in January
2012, and generated a range of benefits across its business,
including time and cost savings.
We continue to maintain a Neutral recommendation on Ultimate
Software. Our recommendation is supported by a Zacks #3 Rank, which
translates into a short-term rating of Hold.
ULTIMATE SOFTWR (ULTI): Free Stock Analysis
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